Uncategorized WHETHER FCR MUST BE SIGNED? By Mr Old Man Posted on November 9, 2010 3 min read 3 0 3,442 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr KBALASUBRAMANIAN – United States Posted 08 Nov 10 Greetings All! Kindly clarify if Forwarder's Cargo REceipt need to be signed. It is not a transport document covered by articles 19-25 of UCP 600. It is a document acknowledging receipt of goods & not a "certificate" where signature is mandatory. So in my humble opinion signature is not mandatory in FCR.Appreciate if you could provide your inputs on this. Thanks/REgards, Karthik ————————- JSMITH – United KingdomPosted 09 Nov 10 Sorry I disagree. It is described -in the credit- as a 'certificate' and therefore must be signed. See para 8 of ISBP681. Furthermore, it is certifying something, namely that the forwarder has received the goods. ——————————- Duc N.H – Viet NamPosted 09 Nov 10 IMHO, Forwarder’s Cargo Receipt is a document issued by a forwarder acknowledging/certifying that the cargo has been received into the custody for shipment to a named consignee. It should be treated as a certificate of receipt of cargo, and hence, must be signed as per ISBP para. 37. Best regards,Duc N.H—————————— JSMITH – United KingdomPosted 09 Nov 10 | Edit | Delete A diversion from the original question posed, but for the purposes of sub-Art 14(f) while I agree a FCR is a document issued by a forwarder certifying that the goods have been received, I would not agree that it has to go on to into refer to the goods being in the custody of the forwarder nor that receipt of the goods is for shipment to a named consignee. Of course, if the credit expressly requires this, that is another matter. ————————– Duc N.H – Viet Nam Posted 09 Nov 10 Agreed.Duc N.H —————————— KBALASUBRAMANIAN – United States Posted 09 Nov 10 Many thanks All for your comments. Regards/thanks,Karthik
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?